Market driven price for taxi — again

March 11, 2014 by Indro

It seems market driven pricing for cab services has already exists and operates with roaring success. It is Uber cab services.

This is more in the direction of my view that ownership and usage are different things, and often they need to be separated. There are economic reasons for it, which is why I think it might be possible to increase the number of COEs in Singapore, make them cheaper so most people may own cars, and yet cause less congestion, reap greater benefit and make public transport more efficient!

How? Through pricing usage! A more elaborate posting has to come later after I have managed to finish the more pressing tasks at hand. In the mean time readers are encouraged to check out the following site:

https://www.uber.com

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Cheap Talk

A blog about economics, politics and the random interests of forty-something professors

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